Retail Investment Opportunity at 24012 Avenida De La Carlota
$11,750,000
24012 Avenida De La Carlota, Laguna Hills, CA 92653
13,362 SF
Square Feet
$879
PPSF
6.02%
CAP
Property Description
NOI
$706,794
Cap Rate
6.02%
I-5 freeway fronting unanchored strip retail
Located immediately across the street from the Property, The Village at Laguna Hills will be redeveloped at an approximate cost of $1 billion and has emerged as Orange
County’s most exciting live/work/play destination. Currently owned by Merlone-Geier Partners, the property is the site of the former Laguna Hills Mall and is in the process of
being redeveloped into the submarket’s premier mixed-use, urban project consisting of retail, residential, office and hospitality. Once completed The Village at Laguna Hills
will be comprised of 250,000 square feet of retail, 1,500 luxury multifamily units, 465,000 square foot of office space, and 150 hotel keys. This transformational project should
continue to bolster demand for nearby retail centers by increasing traffic flows throughout the immediate area.
Property Details
Asset Type
Retail
Year Built
1993
Lot Size
41,891 SF
Submarket
Laguna Hills
ZIP
92653
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$1,121,329
Debt Service Coverage Ratio (DSCR)
1.68x
Cap Rate
9.54%
Cash Flow (Annual)
$452,917
Cash-on-Cash Return
15.42%
Monthly Debt Service
$55,701
Annual Debt Service
$668,412
View on Map
Address
24012 Avenida De La Carlota
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Laguna Hills Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.